Rare Foreclosure in Belle Meade
March 11, 2010 by admin · View Comments
The downturn in the economy has reached the Belle Meade area of Nashville resulting in a foreclosure of a 3,250 square foot renovated home. The home was originally built in 1940 and is located in the Highlands area of Belle Meade at 308 Page Road. The Kemps had purchased this property for $581,830 on 2/11/2005 [...]
Don’t Believe the Nashville Real Estate Hype…Yet
March 9, 2010 by admin · View Comments
I have read either this exact sentence or a very close derivation of it about a dozen times since the Greater Nashville Association of Realtors (GNAR) published the February 2010 home sales results: “Home sales are already at a frenzied level in the first month of the year so you better hurry! Inventories are at [...]
Warren Buffett Predicts End of Housing Crisis
March 1, 2010 by admin · View Comments
According to Bloomberg News, Billionaire Warren Buffett said the U.S. residential real estate slump will end by about 2011, predicting that’s how long it will take demand for homes to catch up with the supply. “Within a year or so, residential housing problems should largely be behind us,” Buffett wrote on February 27 in his [...]
What’s Wrong with Hampton Reserve in Brentwood?
February 20, 2010 by admin · View Comments
I’m not sure that anything is wrong with Hampton Reserve, but there is certainly something wrong with the high end housing market in Brentwood…BUT, that’s only if you are a seller. If you are a buyer who has always wanted a McMansion in a gated neighborhood, break out the drool bib because your day has [...]
John Rich Buys Seanachie Irish Pub in Nashville
February 17, 2010 by admin · View Comments
Country music superstar John Rich and business partner Phil Martin, have purchased the Seanachie Irish Pub building in downtown Nashville. The building, located at 329 Broadway is pending renovations as the group is currently in the process of acquiring building permits, submitting plans and the like. While I have not been able to confirm the [...]
Convention Center Hotel Site Comes Back Home
February 5, 2010 by admin · View Comments
According to the Nashville Business Journal, A Davidson County Circuit Court judge has ruled that the MDHA has the right to take a 5.7-acre parcel from Tower Investments for the Music City Center convention hall project. Clearly, this is a massive legal victory for the new convention center as the Tower Investments parcel of land [...]
May Town Center Development Chatter Resumes
January 26, 2010 by admin · View Comments
Today, Tennessean reporter Nate Rau, wrote an article explaining that Metro Council discussions of the decidedly utopian 500 acre West Nashville May Town Center development could be revived as early as March. Councilman Matthews, whose district includes the potential site, is considering putting the development proposal on a March public hearing agenda. The Councilman was [...]
Embattled 5th & Main Condos Earn FHA Approval
January 20, 2010 by admin · View Comments
The 5th & Main condo project in East Nashville, the first large condo project to enter receivership in February 2009, has received approval to issue FHA insured loans (according to the HUD website). The project has qualified under the new, lower FHA guidelines that only require a project to be 30% presold in order to [...]
9 Against, 29 in Favor of New Nashville Convention Center
January 19, 2010 by admin · View Comments
The Metro Nashville City Council has voted 29 to 9 to move forward with funding the new $585 million downtown Nashville convention center also known as the Music City Center. The financing package approved by council tonight allows for a maximum of $650 million. That covers both the price of the project and financing costs such as [...]
Mortgage Rates Lower, Stable in Q1 2010
January 11, 2010 by admin · View Comments
The average interest on long-term mortgage rates fell this past week, after rising for four consecutive weeks. Freddie Mac reports that 30-year fixed mortgage rates averaged 5.09 percent, down from 5.14 percent a week ago and compared with 5.01 percent in 2009. Also, 15-year, fixed loans fell 0.4 percent to 4.5 percent; five-year adjustable-rate mortgages were unchanged; [...]
Grant Hammond is the foremost downtown Nashville real estate market expert and condo guru. Having represented more than 125 individual pre-construction condo buyers in just the past 3 years, he has the expertise and connections to secure deals on Nashville real estate. Hammond has guided more than $215 million in real estate deals since 2002. Hammond holds a Tennessee broker license, an ABR and e-PRO designation and has received more than 27 real estate awards.
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